Kiva.org a microloan site

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Inedible
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Joined: Sat Jun 12, 2021 5:22 am

Kiva.org a microloan site

Post by Inedible »

Back when I had a better job I heard about microloans. People around the world would borrow money and the financing would be crowdsourced. As an example, a person in Ethiopia wants to buy seed and fertilizer and tools for planting a crop. I lend $25 and donate 15% or something like that to Kiva because it costs them money in administration costs. Lots of other people loan money and it comes to $1,250 lent. The person succeeds in raising a crop, harvesting it, and taking it to market. I get my $25 back and for the cost of another (technically optional) donation I can loan the same money out again to someone in Peru who wants to buy goods to sell in a store. They have lending teams and one of the teams on Kiva.org is a Theravada Buddhist team. That was the one I joined. For now I just have $50 in loans out and $3 in my account. It will take months to find out how it goes. The point is that these nontraditional loans can change people's lives for the better.

If you are wondering, yes, they do have referral links.

https://www.kiva.org/invitedby/tom3196

So far I have never gotten anyone to join by using my link. It is the same as with the distributed computing project I participate in. Still, you never know what will happen.
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DNS
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Re: Kiva.org a microloan site

Post by DNS »

I like Kiva. There are some naysayers who complain about it, but the haters are always going to find something to critique every and any charity.

Here is a thread over at DWE about kiva:
https://www.dharmawheel.org/viewtopic.php?f=13&t=69

As I wrote there,

"give a man a fish, feed him for one day; teach a man to fish, feed him for life."

The kiva loans go to people starting a business or trying to expand their business or for home repairs, school tuition or numerous other things. And then when they pay it back, most kiva lenders re-lend the money to another person or group.
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DNS
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Re: Kiva.org a microloan site

Post by DNS »

Here is my profile on kiva:
https://www.kiva.org/lender/david40892223

So far, the top countries I've lent funds to are:
1. Cambodia
2. Kenya
3. Vietnam
4. Senegal
5. Palestine
Inedible
Posts: 20
Joined: Sat Jun 12, 2021 5:22 am

Re: Kiva.org a microloan site

Post by Inedible »

The Dharma Wheel site is okay. I like here better, however. It just seems friendlier.
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